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Fraser staff report CHFA Prop 123 funds, Saint Louis Landing bond closing and $321,566 OLRT grant for trail repave
Summary
Staff told the board that the Saint Louis Landing bond closing is set for June 4, Prop 123 funds from CHFA exceed $12 million with $1 million from the Fraser River Valley Housing Partnership, and Fraser received a $321,566 Open Lands, Rivers, and Trails grant to repave the Fraser–Winter Park paved trail.
Assistant Town Manager Sarah Catanzarite updated the Board May 20 on several financing and grant matters: the closing date for Saint Louis Landing bonds is scheduled for June 4, Prop 123 funds from the Colorado Housing and Finance Authority (CHFA) were listed as $12M+ with an additional $1M from the Fraser River Valley Housing Partnership, and Fraser received an Open Lands, Rivers, and Trails (OLRT) grant of $321,566 to assist repaving the Fraser-to-Winter Park paved trail.
Catanzarite also reported that the downtown development authority (DDA) has two open seats and that a home-rule survey has been distributed; results are to be presented at the June 3 Board meeting. The minutes record these items as staff updates; no formal votes on the funding items were recorded in the meeting minutes.
The minutes do not provide a full breakdown of how the Prop 123 funds will be spent, detailed terms of the bond closing, or the OLRT grant scope beyond its stated purpose to help with repaving. Those implementation details and budget line items were not specified in the minutes and will require follow-up with town staff or referenced agencies.
